XML 36 R25.htm IDEA: XBRL DOCUMENT

Earnings Per Share (Tables)

9 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Schedule of the computations for basic and diluted earnings per share

The computations for basic and diluted earnings per share are described in the following table:

		(unaudited)
		Three months ended								Nine months ended
		March 31,								March 31,
		2016				2015				2016				2015
Net income (loss)		$	775,758			$	89,791			$	1,083,148			$	(348,046	)

Weighted average common shares outstanding:
Basic			15,530,574				15,028,231				15,339,337				14,537,727

Effect of dilutive securities:
Options to purchase common stock			193,488				1,429				73,737				—
Restricted stock units			1,102,129				679,755				935,041				—
Common stock warrants			577,961				4,477				495,765				—
Diluted			17,404,152				15,713,892				16,843,880				14,537,727


Earnings (Loss) per common share:
Basic		$	0.05			$	0.01			$	0.07			$	(0.02	)
Diluted		$	0.04			$	0.01			$	0.06			$	(0.02	)


Excluded from computation:
Options to purchase common stock			631,869				736,411				708,811				697,376
Restricted stock units			209,666				395,545				273,553				978,586
Common stock warrants			578,212				1,857,516				885,277				2,040,109
			1,419,747				2,989,472				1,867,641				3,716,071